And don't think ride-sharing giants Uber and Lyft are entirely to blame for the death of the Yellow Cab Co-op. The San Francisco Examiner reported that the company's real death blow came from a flock of multimillion-dollar lawsuits resulting from traffic collisions.

One such crash put Yellow Cab Co-op on the hook for $8 million after a passenger was paralyzed when a cab ran into a stationary vehicle on the highway, writes SFGate.